Deals Of The Day 08/02/12
AT&T is buying NextWave Wireless Inc. in a deal financed with $25 million plus a contingent payment of as much as approximately $25 million and, through a separate agreement with NextWave’s debtholders, all of the company’s outstanding debt; the entire purchase could cost AT&T a total of $600 million in cash. What AT&T gets are NextWave’s Wireless Communication Services (WCS) and Advanced Wireless Service (AWS) licenses purchased during the FCC’s auctions. If a plan submitted in June to the FCC by AT&T and Sirius XM regarding using WCS spectrum for mobile Internet services passes muster, AT&T says it could begin initial deployment of WCS spectrum for added 4G LTE capacity in approximately three years…Sierra Wireless Inc. wrapped its acquisition of Sagemcom’s machine-to-machine business, first announced in June. The buyer says this deal gives it entre into such key segments as payment, transportation and railways as well as new geographical expansion into Brazil…Fla.-based Vology, a global provider of new and certified pre-owned networking and telecom solutions, now owns Oklahoma City-based Sooner Network Solutions Inc. The combined companies offer Cisco, Juniper Networks, Brocade, Extreme Networks, Avaya, HP, Palo Alto, Meru and ShoreTel gear…Cable network ASPiRE is using Comcast Media Center’s (CMC) Content Services unit to provide channel origination and transmission services. CMC originates ASPiRE in HD format and down converts the channel into SD, enabling both HD and SD availability. (Editor’s note: Being able to watch the 1960s program “Julia” starring Diahann Carroll on ASPiRE is a guilty pleasure.)…T-Mobile USA is using the QuickLink Zero solution from Smith Micro Software to improve Wi-Fi connectivity to tablets, netbooks, laptops, and e-readers. Proactive alerts provided by QuickLink reportedly will help the operator to determine which devices are connected to its hot spots and to manage how much data is being used by each device…The Motorola Solutions Foundation, the charitable arm of Motorola Solutions Inc., granted $250,000 to the International Association of Fire Chiefs to support the New Fire Chief Executive Institute, aimed at providing executive development and leadership training for the next generation of fire chiefs. Experts from the fire service and private industry will lead training sessions for new and aspiring fire chiefs on efficiency and effectiveness to improve the quality of fire and emergency services.